Wizz Air says it will suspend its Abu Dhabi operations starting Sept. 1. The Hungarian low-cost airline cited geopolitical instability, supply chain issues, and limited market access as key challenges.

Investing.com -- Barclays has upgraded Wizz Air to “equal weight” from “underweight” and raised its price target from £9 to £11, citing the carrier’s exit from Abu Dhabi as a strategic correction, in a note dated Thursday.

Barclays upgraded Wizz Air on Thursday to ‘equalweight’ from ‘underweight’ and lifted the price target to 1,100p from 900p as it said the decision to exit Abu Dhabi was a "strategic positive".